Bacha F. Guzdar vs Commissioner Of Income-Tax, Bombay on 28 October, 1954
64) In my view, despite clear law / binding precedent on the
subject of change in shareholding pattern in a company as more
particularly set out in the case of (i) Bacha Guzdar vs. Commissioner
of Income Tax15, (ii) Balco Employees Union vs. Union of India 16, (iii)
M/s. Din Chemical & Coating Pvt. Ltd. vs. The State of West Bengal 17,